Bill Miller, CFA
Chairman and Chief Investment Officer
Miller Value Partners
 

William “Bill” Miller III, Baltimore, Maryland. Mr. Miller is the Chairman and Chief Investment Officer of Miller Value Partners.  Mr. Miller is widely recognized for beating the S&P 500 for a record 15 consecutive years as the sole manager of the Legg Mason Value Trust.¹ He was named fund Manager of the Year in 1998 by Morningstar², The Greatest Money Manager of the 1990s by Money Magazine, Fund Manager of the Decade by Morningstar.com, and was named by Barron’s to its All-Century Investment Team.  He received the Sauren Golden Award in 2015 and 2017 for best US Equity Manager, and Two Gold Medals in 2019 and 2020 for Excellent Fund Management.

Mr. Miller was the director of research for Legg Mason from October 1981 through June 1985, and assumed overall responsibility for Legg Mason’s equity funds management division in 1990. He co-founded Legg Mason Capital Management in 1982 and served as the Firm’s CIO for 30 years.

Mr. Miller earned his economics degree from Washington and Lee University where he graduated with honors in 1972.  Subsequent to graduation, he served as a military intelligence officer overseas and then pursued graduate studies in philosophy in the PhD program at The Johns Hopkins University.  He received his CFA in 1986.  Mr. Miller is Chairman Emeritus of the Board of Trustees of the Santa Fe Institute.  The Santa Fe Institute is one of the world’s leading scientific research organization, conducting multidisciplinary research in complex systems theory.

 

¹Legg Mason Value Trust-Class C beat the S&P 500 on an annual basis from 1990-2005.  Bill Miller no longer manages the fund. 

² Morningstar’s Award for “Domestic Equity Fund Manager of the Year 1988” recognizes portfolio managers who demonstrate excellent investment skill, the courage to differ from consensus, and the commitment to shareholders necessary to deliver outstanding long-term performance.